Techno shift - manufacturing Laval economy
Laval, QC, Canada
Empower Laval-based enterprises with financial aid for digital transformation and AI integration to enhance global competitiveness
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateJanuary 17, 2023
- grant_single|closingDateFebruary 15, 2025
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Manufacturing
grant_single|grantors
- Laval Economique
grant_single|status
grant_card_status|open
grant_single_labels|preview
The Tech Transition – Manufacturing program is designed to support Laval-based manufacturing companies in their digital transformation and automation projects, enhancing their competitiveness both locally and internationally. The program offers financial assistance for equipment acquisition costs and the development or integration of AI-based innovative solutions, covering up to 25% of eligible expenses with maximum funding limits of $75,000 for equipment acquisition and $25,000 for AI development initiatives.
grant_single_labels|projects
This grant is available specifically to companies located in Laval, Quebec, Canada. The eligibility criteria focus on supporting local businesses to foster regional economic growth.
- Companies established and operating in Laval, Quebec, Canada.
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the company's location, legal status, and operational capacity.
- The applicant must be a for-profit company legally incorporated in Quebec or Canada.
- The company must be established in Laval.
- The company must be a manufacturing company or have production activities.
- The business must have been operating for at least two years.
- The company must demonstrate financial capacity to sustain operations.
- The investment project must be carried out at a Laval facility.
- Expenses and contractual commitments must not be confirmed before submitting the financial assistance application and receiving an acknowledgment of receipt from the program manager.
grant_eligibility_criteria|who_can_apply
This grant program supports Laval-based businesses that are aiming to enhance their digital transformation and automation processes, ensuring competitiveness and sustainability in the marketplace. Eligible applicants include those engaged in manufacturing or production activities. Applications must demonstrate financial capability, and projects should be undertaken at a Laval facility.
- Focus on technological solutions to enhance competitiveness.
- Projects that leverage digital transformation and automation.
- Engagement with manufacturing or production activities.
- Commitment to sustainability and competitive enhancement.
grant_eligibility_criteria|who_cannot_apply
This grant excludes certain companies or industries that do not align with its specific aims. Restrictions are in place to target strategic goals and sectors for economic transformation.
- Companies not established in Laval.
- Non-profit organizations, cooperatives, or social enterprises.
- Businesses without manufacturing or production activities.
- Start-ups operating for less than two years.
- Companies unable to demonstrate financial capability to sustain operations.
- Projects with expenses or commitments confirmed prior to grant application acknowledgment.
grant_eligibility_criteria|eligible_expenses
Yes, there are eligible expenses for this grant. Below is a list of eligible expenses:
- Costs for acquiring equipment and related components (excluding materials, inventories, and other supplies).
- Direct costs related to equipment installation: transportation and leasehold improvements.
- Software acquisition and installation costs.
- Professional fees related to the project.
- Direct labor costs involved in the project, limited to the hourly rate.
grant_eligibility_criteria|zone
The eligible geographic zone for this grant is Laval in the province of Quebec, Canada.
- Laval, Quebec, Canada
grant_single_labels|criteria
Yes, there are evaluation and selection criteria for the Tech Transition – Manufacturing grant. The selection is based on the program’s terms and conditions after the committee validates the information received in the complete application.
- The company must be legally incorporated in Quebec or Canada.
- The company must be established in Laval.
- The company must be a manufacturing entity or have production activities.
- The company must have been operating for at least two years.
- The company must demonstrate financial capacity to sustain operations.
- The investment project must be carried out at a Laval facility.
- Expenses and contractual commitments must not be confirmed before submitting the financial assistance application and receiving an acknowledgment of receipt from the program manager.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Diagnostic Phase I
- Engage with Laval économique to assess your company's digital and technological needs.
- Work with assigned specialists to identify areas for improvement and potential projects.
- Step 2: Develop Implementation Plan (Phase II)
- Create a detailed plan outlining the steps needed for implementing the recommended technological changes.
- Include project timelines, budgets, and resource requirements.
- Step 3: Prepare Application
- Compile required documents such as financial statements for the last two fiscal years, diagnostic report, and implementation plan.
- Ensure all documents satisfy the criteria set by Laval économique.
- Step 4: Complete Application Form
- Fill out the official application form provided by Laval économique.
- Ensure accuracy and completeness of information provided in the form.
- Step 5: Submit Application
- Email the completed application form and all supporting documents to Laval économique before the deadline.
- Ensure you receive an acknowledgment of receipt from the program manager.
- Step 6: Follow-up
- Wait for communication from the Tech Transition – Manufacturing Committee regarding the status of your application.
- Be prepared to provide additional information if requested.
grant_single_labels|otherInfo
This grant is designed to help Laval-based companies in their technological growth and digital transformation. It offers financial assistance for equipment acquisition, AI development, and AI solutions.
- Eligibility: For-profit companies legally incorporated in Quebec or Canada, located in Laval, operating for at least two years, and with financial capacity to sustain operations.
- Expenses must be incurred after the financial assistance application submission and acknowledgment receipt.
- Three phases of the journey: Diagnostic, Implementation Plan Development, and Project Realization.
- Application requires a duly completed form, financial statements, diagnostic and implementation plan, and quotes/service agreement for AI Solutions component.
grant_single_labels|contact
438-823-1468
Apply to this program
Business Launch Fund
The Business Launch Fund offers financial assistance up to $25,000 for newly established businesses or for the acquisition of an existing business in Laval, provided that the application is submitted within the first two years of business creation or acquisition and paired with an FLI loan.
Comprehensive Guide to the Business Launch Fund
Starting a new business or acquiring an existing one involves significant planning and financial investment. To support emerging entrepreneurs in their journey, Laval's Business Launch Fund provides an opportunity to secure financial assistance aimed at fostering the growth and sustainability of new enterprises. This guide provides in-depth details about the Business Launch Fund, eligibility criteria, application process, and other essential information designed to help you successfully apply for this valuable grant.
Overview of the Business Launch Fund
The Business Launch Fund is an initiative by Laval Économique, aimed at supporting start-ups and newly acquired businesses in their foundational years. The fund provides up to $25,000 in financial assistance, ensuring that new businesses have the required capital to fuel their initial growth and operational needs.
Eligibility Criteria
To be eligible for the Business Launch Fund, applicants must meet the following criteria:
- Business Status: The applicant must be a start-up or in the process of acquiring an existing business. The application should be submitted within the first two years of the business creation or acquisition.
- Location: The business must be legally incorporated in Quebec or Canada and established in Laval.
- FLI Loan: The application for the Business Launch Fund should be combined with an FLI loan to qualify for the grant.
Financial Assistance Details
The fund offers financial assistance of up to $25,000 per business. The assistance can be used to cover various start-up costs, including but not limited to:
- Initial expenses such as rent, utilities, and office supplies
- Equipment and technology purchases required for the business operations
- Marketing and promotion to help the business build its customer base
- Professional fees like legal, consulting, and accounting services
Application Process
The application process for the Business Launch Fund involves several steps. To ensure a smooth and successful application, follow the guide below:
- Prepare Your Business Plan: Before applying, develop a comprehensive business plan that outlines your business idea, market analysis, financial projections, and operational strategies. A well-prepared business plan is crucial for demonstrating the viability and potential of your business.
- Secure an FLI Loan: As one of the eligibility requirements, you must secure an FLI loan. Ensure that you have the necessary documentation and approvals in place for this loan before applying for the Business Launch Fund.
- Complete the Application Form: Fill out the Business Launch Fund application form with accurate and complete information. Double-check all details to avoid any errors or omissions that could delay the application process.
- Submit Supporting Documents: Attach all required supporting documents, such as financial statements, proof of incorporation, and any other relevant documents that bolster your application.
- Submit Your Application: Submit your completed application form and supporting documents by the deadline of February 15, 2025. Ensure that everything is submitted according to the guidelines provided by Laval Économique.
Important Deadlines
The deadline to submit your application for the Business Launch Fund is February 15, 2025. It is recommended that you start the application process well in advance to ensure you meet all requirements and avoid any last-minute issues.
Evaluation and Selection Process
Once your application is submitted, it will be reviewed by a committee at Laval Économique. The evaluation process considers several factors, including:
- The viability and sustainability of the business plan
- The potential impact and contribution of the business to the local economy
- The applicant's financial capacity to sustain operations
- The strategic fit with the objectives of the Business Launch Fund
Applicants will be notified of the committee's decision within a stipulated time frame. Successful applicants will receive the grant and can proceed with utilizing the funds as planned.
Additional Support and Resources
Laval Économique offers additional support and resources to businesses applying for the Business Launch Fund. This support includes mentorship, access to business networks, and guidance through the application process. Engaging with these resources can enhance your chances of a successful application and help you effectively utilize the grant for your business growth.
Conclusion
The Business Launch Fund is a significant opportunity for new businesses in Laval to secure essential financial support during their critical initial years. By providing up to $25,000 in financial assistance, the fund ensures that start-ups and newly acquired businesses have the resources needed to establish themselves, grow, and thrive in a competitive marketplace. If your business meets the eligibility criteria, take advantage of this fund to kickstart your entrepreneurial journey.
For further information, guidance, or to start your application process, contact Marc Charest, Technology Transformation Commissioner at Laval Économique. Utilize this grant to lay a strong foundation for your business and contribute to the vibrant economic landscape of Laval.
